News & Media

GLEIF and LEI News

The Global Legal Entity Identifier Foundation (GLEIF) makes available comprehensive, regular and timely information on GLEIF activities and developments relevant to Legal Entity Identifier (LEI) rollout.

GLEIF Blog:

GLEIF Published the Quarterly Global LEI System Business Report Covering the Third Quarter of 2018

In November 2018, GLEIF published the latest quarterly report, which highlights key developments relevant to LEI adoption. Specifically, the reports assess annual growth and renewal expectations, evaluate the level of competition between LEI issuing organizations operating in the Global LEI System and analyze LEI renewal rates and reference data corroboration. Since July 2017, we also deliver statistics on direct and ultimate parent information provided by legal entities. This blog post summarizes the main findings of the Global LEI System Business Report covering the third quarter of 2018.
Date: 2018-11-06

GLEIF Data Quality Reports:

Latest LEI Data Quality Reports Published

The latest Global LEI Data Quality Report shows that all LEI issuers successfully passed checks against the data quality criteria ‘Representation’ and ‘Comprehensiveness’. Overall performance by the individual LEI issuers further improved. The lowest data quality score for an individual LEI issuer is now slightly above 99%. In addition, we published new monthly reports analyzing the level of data quality achieved by the individual LEI issuers.
Date: 2018-11-05

LEI Regulatory Oversight Committee Policy Paper:

Legal Entity Events (Formerly Referred to as ‘Corporate Actions’) and Data History in the Global LEI System

On 30 October 2018, the LEI Regulatory Oversight Committee published its final policy on legal entity events and data history in the Global LEI System. This document (referred to as ‘corporate actions and data history’ in the consultation phase) addresses the use of data feeds to update or solicit updates of LEI data and the introduction of effective dates for certain changes, especially to support the ability of the Global LEI System to record accurately complex acquisitions. The policy also aims at facilitating access to data history, introducing the collection of spin-off relationships on an optional basis, and clarifying the definition of inactive entities.
Date: 2018-11-05

GLEIF Blog:

Overhauling Transaction Compliance: The Power of the LEI

The adoption of enabling technologies has transformed the way the world manages commercial and financial transactions. The mechanisms in place to enforce the regulatory rules that govern these transactions, however, have not kept pace and continue to utilize outdated practices. In this post, the second in our blog series exploring financial trust in the digital age, we focus on how the consistent adoption of the LEI across the global financial ecosystem, and especially in sanctions and watch lists, would enable automated straight through processing, resulting in more efficient and effective screening systems and a more robust defence against financial crime.
Date: 2018-11-01

GLEIF Blog:

Advancing Digital Identity in Financial Transactions

Today’s global financial ecosystem has evolved from humble beginnings. What started life as a system based on physical presence, handwritten documents and interpersonal familiarity has developed into an automated, multijurisdictional and increasingly digitized global environment. Yet despite the prevalence of digital transactions, the management of names, addresses and other financial identifiers required to authorize transactions is still conducted using analog, text-based processes. With this post, we kick off a four-part blog series that explores how the LEI can be leveraged to enable straight through processing, to strengthen the fight against financial crime and to prepare for a global digital identity ecosystem.
Date: 2018-10-29
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